Client CPU team starting the house keeping
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well said @wks+1o4b3P6B
Is there are layoffs in Client business unit they why do they have Finance Manager posted ?
Thank goodness for the AMD Severance package.
Of course, the economy is going to be tanking with oil prices climbing and core inflation still around 4.7% to 5.1% (being sticky) and not budging. Both headline inflation and core inflation will be climbing. And China exports declined by 14% that means people outside of China (meaning USA) are buying less. And China import declined by 12% meaning people in china are not spending to buy foreign made products. Also, China has property issues (with Country Garden and Evergrande) and the economy is deflating (cause people there are not spending money). Now the problems in China have a lag effect on the US economy and you will see that with a hard landing in USA economy and a recession especially since $1.5 Trillion dollars worth of Commercial Real Estate loans are due from now till 2025. Most regional banks have given out these loans but with many offices and malls and store being empty, these loans are difficult to pay especially since principle is due during the last month of the loan. Everyone keeps telling you that the USA economy is doing well, people still have jobs, jobs are being posted (but companies are starting to have hiring freeze), and both rent, housing, and unemployment will climb. Stock market peaked during July 31st and it's been down hill since. So put your money in short-term T-bill (4 weeks to 17 weeks) since they have no state taxes (only Federal) and still give you over 5% in interest. Less risky and you'll still have your money the next day when you wake up, unlike the stock market. Because OPEC+ and Russia are now cutting oil due to China's deflation and wanting the oil prices to remain above 70 bucks a barrel and USA SPR (special purpose reserves) still not filled back to 700 Million barrels (currently at 390 Million barrels), oil prices will go up and life is about to get worse for those who are not in the top 1% (meaning you and me). Tough times are ahead and no one wants to cause fear but this is going to be the reality come the next CPI report in mid-Sept (Sept 14th, I think).